The Wealthy Barber by David Chilton.

This book is written as a story about some young people who go to a barber to learn about investing. It would be a great read for younger people. The barber tells them about how he got rich, and explains about mutual funds. He also mentions the possibility of real estate as an investment, but only after you already have a nest egg built up. In the next section, the wealthy barber begins to teach them about estate planning such as wills and insurance. Then he goes on to discuss retirement planning, and details different types retirement related accounts such as IRA accounts, Keogh plans, SEP accounts, and 401k & 403b plans. The following section is advise on home buying. Then comes thrift and budgeting, though he doesn’t stress budgeting saying that it really doesn’t work. The last part is on taxes in which he encourages the paying off of non-deductable debt. The book was okay. I would have rather found a book on CD, but oh well. The characters were two dimensional, and all had the same exact sarcastic sense of humor. Not sure if the advise written in the story format would appeal to younger readers better. I didn’t care for it much. Maybe if the story were better.
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